Nitric Acid Market Analysis, Share, Industry Trends, Strategies and Segment Forecast, 2013 to 2019

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Nitric Acid Market Analysis, Market Size, Share, Regional

Outlook, Industry Trends, Competitive Strategies And

Segment Forecast, 2013 To 2019

Nitric Acid is a strong mineral acid and manufactured commercially by the catalytic combustion of

ammonia. Ammonium Nitrate (AN) manufacturing is the largest application of nitric acid and accounts

for over three quarters of global nitric acid consumption. There is very limited merchant portion of nitric

acid market and is mostly consumed captively. International trade is limited for nitric acid due to the

corrosive nature of the product. The other applications of nitric acid include the manufacturing of

chemicals such as cyclohexanone, nitrobenzene, adipic acid and metal nitrates. Nitric acid is also used in

the manufacturing of explosives and blasting agents and as metal treatment solvents.

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Nitric acid demand has seen a significant rise in recent times, due to the increasing demand for

ammonium nitrate as a fertilizer in the agricultural industry. Over 80% of ammonium nitrate is used as

fertilizers and the growing demand for fertilizers with nitrogen as active ingredient is expected to boost

the demand for nitric acid. The other use nitric acid includes industrial applications and production of

other chemical compounds.

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Industry Research,Custom Research & Consulting

However, environmental regulation against the use of ammonium nitrate fertilizers is expected to

severely impact the demand for nitric acid over the forecast period. The use of ammonium nitrate

fertilizers results in loss of nitrogen to underground waster due to leaching and nitrification. This has led

to directive by the EPA and European Community limiting the level of nitrogen ground water to less than

50 milligrams per liter. This is expected to act as a major restraint for...